Table of Contents
Nepal’s critical economic condition doesn’t justify that Nepalese, with their hard work, their dedication and talent have successfully added billions to their fortune. Nepal is home to several billionaires who hold several positions on the list of the richest among all people. The top six on the list of richest Person of Nepal are mentioned below:
Top Richest Person of Nepal
6. Jiba Lamichhane
At the age of 54, Jiba Lamichhane, an entrepreneur and former president of International Coordination Council (ICC) of Non-Resident Nepali Association (NRNA) has managed to be sixth on the list. Mr. Lamichhane graduated with an MSc in Civil Engineering from Moscow State University, Russia and began his professional career in Russia as a dealer for multinational companies like Samsung, Sony and LG. Lamichhane’s massive net worth is known to be coming from his TV manufacturing company Techno Trust, of which he is the Managing Director. His net worth is estimated approximately $1.5 Million.
5. Aditya Jha
Born in Janakpur, Nepal, to an Indian Family, Jha is one of the richest people in Nepal. He is best known to be the CEO and President of his software company Osellus inc. A knowledgeable information to the sweet tooths, he also is the owner of Karma Candies, one of the largest confectionery manufacturers in Canada. He has also added to his portfolio by purchasing dgMarket International Inc., one of the world’s oldest and largest tenders and consulting opportunities portals. In Nepal and India, he has worked on a number of other projects and philanthropic endeavors. Although he is not a Nepali resident, he has made Nepal proud with his dedication, hard work, and contributions. The Canada based entrepreneur startups with the net worth over $100 Million.
4. Ajeya Sumargi
Ajeya Raj Sumargi, chairman of the Muktishree group of companies, is also the executive director of the Nepal Satellite Telecom Pvt. Ltd. At the age of 58, Sumargi is known to have sourced all his income from operating telecommunication spice Nepal with Mero Mobile, also known as Ncell today. Some of his investments include in Muktishree Hydropower, Himalayas Spring Water, and others. Sumargi has not let his past successes satisfy him yet and so, his net worth has been increasing to more than $300 Million.
Also Read : What comes after खर्ब in Nepali Number ?
3. Upendra Mahato
Presently a resident of Russia, Upendra Mahato is the President of the Russia-Nepal Chamber of Commerce and Industry. Mahato was the former president of Non-Resident Nepali Association (NRNA), International Coordination Council (ICC). His enormous net worth stems from his employment in multinational corporations and the television factory he built in Russia. According to sources, he is believed to have invested in real estate, heavy machinery, banking institutions, and Nepal’s Ncell. His net worth is estimated to be between $360 Million to $900 Million.
2. Shesh Ghale
Being the second on the list, Shesh Ghale’s riches arise from his venture at the Melbourne Institute of Technology (MIT) in Australia. Ghale was the former president of Non-Resident Nepali Association (NRNA) and is currently the CEO of MIT. His legacy was MIT which he cofounded with his wife Jamuna Gurung and whose success propelled him to the position of 78th richest Australian. Since Dr. Ghale is the first billionaire in the worldwide Nepalese landscape, this self-made millionaire surpasses Binod Chaudhary. The second richest person of Nepalese ethnicity, Shesh Ghale holds a net worth of around $1.18 Billion.
1. Binod Chaudhary – Richest Person In Nepal
The most expected and obvious person on the list, Binod Chaudhary has become a household name and is known to almost all adults and youngsters due to the broad range of items that his company, Chaudhary Group rolled out. Founded in 1968, the Chaudhary Group, today is a multibillion-dollar conglomerate with interests in consumer products, education, hospitality, financial services, biotech, electronics, real estate, and alternative medicine. CG is currently valued at $1.14 Billion and is the depiction of Binod Chaudhary’s hard work and dedication. Everyone is certainly familiar with CG’s Wai Wai Noodles, which are sold in India, the United States, Saudi Arabia, Australia, and other nations across the world. According to Forbes’ Billionaire List 2019, Binod Chaudhary is the world’s 1349th richest person. Chaudhary is currently worth $1.7 Billion. Binod Chaudhary’s name is perhaps more well-known than that of other wealthy Nepalese because of his residence here and his contributions to the country’s development. Fact: Binod chaudary is the only billionare in Nepal.
Read: Cost of Living in Nepal